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Description

Description

The ninth edition of this widely used casebook continues its long tradition of teaching the fundamentals of a highly complex subject with clear and engaging explanatory text, skillfully drafted problems, and a rich mix of original source materials to accompany the Code and regulations. Important highlights of the ninth edition include: * Coverage of all significant developments since the last edition, including the impact on corporate-shareholder transactions of the w permanent higher marginal individual tax rates and the 3.8% tax on net investment income tax; final regulations on 336(e) elections and Type F reorganizations; published rulings on internal corporate restructuring transactions; new legislation blocking tax-free spin-offs of REITs and the IRS's -ruling policy on certain other types of cash-rich corporate divisions; and S corporation developments.* Updated discussion of the options and prospects for fundamental corporate tax reform, including an overview of issues affecting U.S. multinational corporations.* Reorganized discussion of the continuity of proprietary interest doctrine in tax-free reorganizations.* Expanded coverage of the 1202 exclusion for sales of small business stock and compensation issues for S corporation owner-employees.* Removal of dated and historical materials and more tightly edited cases.